Tag: irs
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Jacksonville Man Pleads Guilty to Extensive Federal Fraud and Tax Crimes
Joel Matthew Caswell, 31, of Jacksonville, Oregon, pleaded guilty to tax evasion, bank fraud, wire fraud, and identity theft, agreeing to pay nearly $1.2 million in restitution. He faces up to 30 years in prison.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegalEmployment and LaborGeneral Politics Joel Matthew CaswellJacksonville, OregonTax EvasionBank FraudAggravated Identity TheftIRSFBI
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27 States Join Federal Scholarship Tax Credit Program
Twenty-seven states have joined the Federal Scholarship Tax Credit program, allowing taxpayers to claim up to a $1,700 federal credit for contributions to scholarship organizations supporting K-12 education. The IRS hopes more states will participate in this voluntary program.
Politics and GovernmentBusinessFederal GovernmentState GovernmentsEducationEconomyGeneral Politics Federal Scholarship Tax CreditIRSTax CreditScholarship Granting OrganizationsState ParticipationOne, Big, Beautiful Bill
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27 States Join Federal Scholarship Tax Credit Program
Twenty-seven states have joined the Federal Scholarship Tax Credit program, allowing taxpayers to claim up to $1,700 for contributions to scholarship organizations. This voluntary program, enacted under the One, Big, Beautiful Bill, supports elementary and secondary education.
Politics and GovernmentBusinessFederal GovernmentState GovernmentsEducationEconomy Federal Scholarship Tax CreditIRSScholarship Granting OrganizationsTax CreditOne, Big, Beautiful BillState Participation
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27 States Join Federal Scholarship Tax Credit Program
Twenty-seven U.S. states have joined the Federal Scholarship Tax Credit program, enabling taxpayers to claim up to a $1,700 federal tax credit for contributions to organizations providing elementary and secondary education scholarships.
Politics and GovernmentBusinessFederal GovernmentState GovernmentsEducationEconomy IRSFederal Scholarship Tax CreditTax CreditScholarship Granting OrganizationsStatesOne, Big, Beautiful Bill
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27 States Join Federal Scholarship Tax Credit Program
More than half of U.S. states have joined the Federal Scholarship Tax Credit program, allowing taxpayers to claim up to a $1,700 federal credit for contributions to organizations supporting elementary and secondary education scholarships.
Politics and GovernmentBusinessUSAGeneral PoliticsFederal GovernmentState GovernmentsEconomyEducation Federal Scholarship Tax CreditIRSScholarship Granting OrganizationsTax CreditOne, Big, Beautiful Bill
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IRS Resolves Transcript System Glitch, Ensures Accurate Tax Records
The IRS has fixed an issue in its Transcript Delivery System that omitted tax increases and reductions from Account and Record of Account Transcripts. Taxpayers and representatives can now access complete and accurate tax information.
Politics and GovernmentBusinessMediaFederal GovernmentEconomyLegalDigital and Print PublishingEducation IRSTranscript Delivery SystemTax TranscriptsTechnical IssueResolutionTax ProfessionalsAccount Information
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IRS and Security Summit Partners Restructure to Bolster Taxpayer Protection Against Fraud
The IRS and Security Summit partners have restructured their alliance to combat evolving tax fraud and identity theft. New work groups and enhanced payroll collaboration aim to strengthen protections and information sharing across the tax system.
Politics and GovernmentBusinessScience & TechnologyLaw EnforcementFederal GovernmentEconomyComputers and InternetLegal IRSSecurity SummitTax FraudIdentity TheftCybersecurityTax AdministrationPublic-Private Partnership
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IRS and Security Summit Partners Unveil New Framework to Combat Evolving Tax Fraud
The IRS and Security Summit partners have restructured their alliance, introducing a new framework and five work groups to enhance information sharing and strengthen protections against evolving tax fraud and identity theft.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetEmployment and LaborLegal IRSSecurity SummitTax FraudIdentity TheftCybersecurityPayrollInformation Sharing
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IRS 2025 Data Book Highlights Tax Relief Implementation and Digital Transformation
The IRS released its 2025 Data Book, detailing operations, the impact of new tax relief for working families, and a strategic shift towards modern technology and digital services to enhance compliance and taxpayer experience.
Politics and GovernmentBusinessScience & TechnologyGeneral PoliticsFederal GovernmentEconomyComputers and Internet IRSData BookFiscal Year 2025Tax ReliefWorking Families Tax Cuts ActDigital TransformationTaxpayer Service
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IRS 2025 Data Book Highlights Tax Relief and Digital Transformation
The IRS 2025 Data Book reveals a pivotal year, detailing the implementation of the Working Families Tax Cuts Act, which provided over $3,200 average refunds. The agency also processed 271.4 million returns and advanced its digital transformation for improved service…
Politics and GovernmentBusinessScience & TechnologyMediaFederal GovernmentEconomyComputers and InternetDigital and Print PublishingSocial Issues IRS2025 Data BookWorking Families Tax Cuts ActTax ReliefDigital TransformationTaxpayer ServiceGovernment
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IRS and Treasury to Propose New Rules for Tax-Exempt Executive Pay
The IRS and Treasury announced plans for proposed regulations under the One, Big, Beautiful Bill, expanding excise tax on excessive executive compensation for tax-exempt organizations to include more highly paid employees.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentEconomyEmployment and LaborLegal IRSTreasuryTax-Exempt OrganizationsExecutive CompensationExcise TaxOne Big Beautiful BillRegulations
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IRS and Treasury Announce Expanded Executive Compensation Tax Regulations for Tax-Exempt Organizations
Treasury and IRS plan new regulations for the One, Big, Beautiful Bill, expanding excise tax on tax-exempt organization executive compensation. The tax now targets any employee earning over $1 million, not just top executives.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalEmployment and Labor Tax-exempt organizationsExecutive compensationIRSTreasuryOne, Big, Beautiful BillExcise taxRegulations
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IRS Launches Nationwide Hiring Events for Customer Service and Tax Roles
The IRS is holding nationwide hiring events through July for customer service representatives and tax examining technicians, aiming to strengthen its workforce and enhance the taxpayer experience with on-the-spot job offers.
Politics and GovernmentBusinessFederal GovernmentEmployment and LaborEducationGeneral Politics IRShiring eventscustomer service representativestax examining technicianspublic servicecareersGovernment
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IRS Launches Nationwide Hiring Drive for Customer Service and Tax Roles
The IRS is hosting nationwide hiring events through July for seasonal customer service representatives and tax examining technicians. These entry-level roles offer competitive pay, benefits, and career development, aiming to enhance taxpayer experience and workforce efficiency.
Politics and GovernmentBusinessFederal GovernmentEmployment and LaborEducationEconomy IRSHiring EventsCustomer ServiceTax TechniciansPublic ServiceEmploymentCareers
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IRS Free File Still Available for Late Tax Filers
Taxpayers who missed the deadline can still file their 2025 federal tax return for free using IRS Free File. The service, available until October 15, helps eligible individuals claim credits and refunds securely.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetEducation IRSTaxpayersFree FileTax ReturnFederal TaxFrank J. BisignanoOctober 15
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IRS Reminds Taxpayers: Free File Still Available for 2025 Returns
Taxpayers who missed the April 15 deadline can still file their 2025 federal tax returns for free using IRS Free File until October 15. This service helps eligible individuals claim valuable credits and refunds through secure, guided software or fillable…
Politics and GovernmentScience & TechnologyFederal GovernmentEconomyComputers and InternetEducation IRSFree FileTax ReturnTax CreditsFiling DeadlineFrank J. BisignanoGovernment Services
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Media Monitor: Judge Blocks Trump's 'Anti-Weaponization Fund'
Newsweek reports a federal judge has temporarily blocked President Donald Trump's "$1.776 billion Anti-Weaponization Fund," created by his Justice Department to settle his IRS lawsuit.
Politics and GovernmentBusinessWorldGeneral PoliticsFederal GovernmentElectionEconomyAsia Donald TrumpAnti-Weaponization FundJustice DepartmentIRSFederal JudgeLawsuitU.S. PoliticsNewsweek
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Media Monitor: Federal Judge Orders Trump Lawyers to Respond to Fraud Allegations
The Washington Post reports a federal judge has ordered lawyers for President Donald Trump to address allegations of fraud concerning an unusual settlement deal with the IRS, involving a $1.8 billion payout fund.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentLegalEconomyGeneral Politics Donald TrumpFederal JudgeFraudIRSLawsuitJudicial AuthoritySettlement DealThe Washington Post
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IRS Unveils New Look-Back Interest Calculator for Businesses
The IRS has released an Excel-based calculator to help businesses and tax professionals compute look-back interest for long-term construction and manufacturing contracts, aiming to simplify compliance with tax regulations.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalComputers and Internet IRSLook-Back InterestTax CalculatorLong-Term ContractsBusinessesTaxationFinancial Services
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IRS Unveils New Look-Back Interest Calculator for Long-Term Contracts
The IRS launched an Excel-based calculator to help businesses and tax professionals compute look-back interest for long-term contracts, aiming to simplify compliance with Form 8697 requirements and enhance taxpayer service.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentLegalComputers and InternetEconomy IRSTax CalculatorLook-Back InterestLong-Term ContractsBusiness TaxationTax ComplianceForm 8697
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Treasury and IRS Issue New Guidance for Sovereign Investors on Tax Exemptions
Treasury and IRS issued new guidance for Section 892 regulations, providing grandfathering protection and transitional relief to foreign governments and sovereign investors. This aims to maintain a stable environment for U.S. investment.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalFinancial MarketsGeneral Politics Foreign GovernmentsSovereign Wealth FundsSection 892IRSTreasury DepartmentTax ExemptionInvestment
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Treasury and IRS Issue New Guidance for Sovereign Investors on Section 892 Regulations
The Treasury and IRS issued new guidance for Section 892 regulations, providing grandfathering protection and transitional relief to foreign governments and sovereign wealth funds investing in the U.S., aiming to maintain economic stability and attract investment.
Politics and GovernmentBusinessUSAGeneral PoliticsFederal GovernmentEconomyFinancial MarketsLegal IRSTreasury DepartmentSection 892Foreign GovernmentsSovereign Wealth FundsTax RegulationsU.S. Investments
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IRS Unveils New Online Features for Trump Account Elections
The IRS has introduced new online features for Trump Account elections, allowing taxpayers to view status and submit Form 4547 electronically. This aims to simplify investing in these tax-advantaged accounts for children, established under the One, Big, Beautiful Bill.
Politics and GovernmentScience & TechnologyFederal GovernmentGeneral PoliticsEconomyComputers and InternetEducation IRSTrump AccountOnline AccountTax-advantaged accountsForm 4547One Big Beautiful BillChildren's savings
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IRS Unveils New Digital Tools for Trump Account Elections
The IRS has launched new digital features in Individual Accounts, allowing taxpayers to view and submit Trump Account elections electronically. This streamlines investing in these new tax-advantaged accounts for children, established by the One, Big, Beautiful Bill.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentEconomyFinancial MarketsEducationSocial Issues IRSTrump AccountTaxationGovernment ServicesFinancial PlanningOne, Big, Beautiful BillFrank J. Bisignano
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U.S. Treasury Details Extensive Public Contact Options for Services
The U.S. Department of the Treasury has outlined numerous contact points for public and business inquiries, covering tax assistance, fraud reporting, U.S. Mint services, and more, ensuring broad accessibility to its diverse operations.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingLegalEmployment and Labor U.S. Department of the TreasuryIRSU.S. MintContact InformationPublic ServicesFinancial AssistanceGovernment AgenciesUS Treasury
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IRS Expands In-Person Tax Help with Saturday Openings Through June 2026
The IRS will open many Taxpayer Assistance Centers on select Saturdays from February through June 2026, offering in-person help for various tax services, excluding cash payments, to assist taxpayers nationwide.
Politics and GovernmentBusinessFederal GovernmentEconomyEducationSocial Issues IRSTaxpayer Assistance CentersTax HelpSaturday OpeningsTax Services2026Taxpayer Resources
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IRS Announces Saturday Openings for Taxpayer Assistance Centers Through June 2026
The IRS will open many Taxpayer Assistance Centers on select Saturdays from February through June 2026, offering in-person help for various tax services, excluding cash payments. Taxpayers should check local listings for specific dates and services.
Politics and GovernmentBusinessFederal GovernmentEconomyEducationSocial Issues IRSTaxpayer Assistance CentersTax HelpSaturday OpeningsTax SeasonIn-person AssistanceTaxpayer Services
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IRS CEO, Senator Moreno Tout Working Families Tax Cuts in Ohio
IRS CEO Frank J. Bisignano and Senator Bernie Moreno toured Ohio, highlighting the Working Families Tax Cuts Act. Provisions include no tax on car loan interest for US-assembled vehicles, no tax on overtime, and enhanced deductions for seniors, benefiting millions…
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentEconomyEmployment and LaborSocial Issues IRSTax CutsOhioFrank J. BisignanoBernie MorenoDeductionsWorking Families Tax Cuts Act
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Media Monitor: Trump Tax Audits Halted; Obama-Castro Photo Resurfaces Amid Indictment
PolitiFact reports a controversial settlement permanently halts President Donald Trump's tax audits. It also covers the resurfacing of an Obama-Raúl Castro photo after Castro's indictment, sparking debate on Cuba policies.
Politics and GovernmentLaw EnforcementBusinessWorldGeneral PoliticsFederal GovernmentEconomyLegalLatin AmericaSocial Issues Donald TrumpIRSTax AuditsRaúl CastroBarack ObamaCubaJustice DepartmentPolitiFact's Ellen Hine
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Congresswoman Clark Denounces Trump's $1.8 Billion IRS Settlement
Congresswoman Katherine Clark criticizes a $1.8 billion IRS settlement involving Donald Trump, alleging it funnels taxpayer money to allies, including January 6th insurrectionists, and shields Trump from future audits. She calls it "mind-numbingly brazen corruption."
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentRepublican PartyDemocratic PartyEconomyLegal Donald TrumpIRSsettlementKatherine ClarkJanuary 6thcorruptiontaxpayer moneyCongresswoman Katherine Clark